What would you do if you heard a conspiracy theory about something called the “White Spiritual Boy Trust”, hiding trillions of US dollars meant to help poor SA students? We’d hope you’d do a bit of Googling and realise that much wealth can’t really be hidden. We’d also hope you wouldn’t then go on national TV and demand that action be taken. But that’s exactly what former presidential hopeful, Tokyo Sexwale, did this week on eNCA.
But it doesn’t stop there. Sexwale has apparently written to Treasury about this mess previously. We don’t know whether to laugh or cry. A whole former cabinet minister believed Standard Bank was hiding a deposit that exceeds – by around seven times – the total of all assets held by all South African banks collectively.
The worst part, though, is how many people on social media took Tokyo at his word and demanded an explanation from authorities, despite an exasperated statement from Treasury saying they’ve heard it before and it’s false.
The whole thing is a scam linked to the global QAnon conspiracy theorists – the same guys that believe Donald Trump is some kind of anti-satanic superhero. If you believe that, well, you’ll believe anything.
This article appeared as part of The Wrap, 15 April 2021. Sign up to receive our weekly updates.